Royal Bank of Canada (RY) Scheduled to Post Earnings on Wednesday

Royal Bank of Canada (NYSE:RYGet Rating) (TSE:RY) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 30th. Analysts expect the company to announce earnings of $2.11 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Royal Bank of Canada (NYSE:RYGet Rating) (TSE:RY) last announced its earnings results on Wednesday, August 24th. The financial services provider reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. The firm had revenue of $9.43 billion for the quarter. Royal Bank of Canada had a net margin of 26.29% and a return on equity of 16.85%. On average, analysts expect Royal Bank of Canada to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Royal Bank of Canada Stock Performance

Shares of Royal Bank of Canada stock opened at $100.81 on Wednesday. The stock has a market cap of $139.74 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 2.37 and a beta of 0.82. The firm’s 50-day moving average is $93.02 and its 200 day moving average is $96.17. Royal Bank of Canada has a 1 year low of $83.63 and a 1 year high of $119.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89.

Wall Street Analyst Weigh In

RY has been the subject of several research reports. National Bank Financial upped their price target on shares of Royal Bank of Canada from C$147.00 to C$148.00 in a research report on Thursday, August 25th. Credit Suisse Group dropped their price target on Royal Bank of Canada from C$144.00 to C$143.00 in a research note on Thursday, August 25th. Canaccord Genuity Group lowered their target price on Royal Bank of Canada from C$134.00 to C$131.50 and set a “hold” rating for the company in a research report on Thursday, August 18th. StockNews.com downgraded Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Friday, November 18th. Finally, Keefe, Bruyette & Woods lowered Royal Bank of Canada from a “market perform” rating to an “underperform” rating and decreased their price target for the company from C$132.00 to C$118.00 in a report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $139.81.

Institutional Trading of Royal Bank of Canada

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Royal Bank of Canada by 5.3% during the first quarter. BlackRock Inc. now owns 817,482 shares of the financial services provider’s stock worth $90,144,000 after buying an additional 41,346 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Royal Bank of Canada by 5.7% in the 1st quarter. Raymond James Trust N.A. now owns 7,030 shares of the financial services provider’s stock valued at $775,000 after buying an additional 382 shares during the period. Blair William & Co. IL raised its holdings in shares of Royal Bank of Canada by 2.0% in the 1st quarter. Blair William & Co. IL now owns 23,498 shares of the financial services provider’s stock valued at $2,591,000 after buying an additional 458 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Royal Bank of Canada by 47.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,942 shares of the financial services provider’s stock valued at $545,000 after buying an additional 1,582 shares during the period. Finally, Thomas White International Ltd. raised its holdings in shares of Royal Bank of Canada by 4.6% in the 1st quarter. Thomas White International Ltd. now owns 15,778 shares of the financial services provider’s stock valued at $1,740,000 after buying an additional 701 shares during the period. 40.46% of the stock is owned by institutional investors and hedge funds.

Royal Bank of Canada Company Profile

(Get Rating)

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.

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Earnings History for Royal Bank of Canada (NYSE:RY)

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